QUESTION 6 (10 marks) (12 minutes) Cash budget of Ramano Ltd for the third quarter of the 2017 financial year is as follows June 14 300 000 July August C) 38 381 750 Opening balance of cash Cash inflows: Collection from debtors Total cash available Cash outflows: Direct material purchases Direct labour payment Production overheads payment Net cash position (a) xxx XXX XXX (5 049 000) (5 123 250) (4 699 750) (d) (1) (9) (0) 907 500 726 000 574 750 26 081 000 38 381 750 48 928 000 (n) Ramano Ltd manufactures couches The selling price of each couch is R1 980 The budgeted sales units for the third quarter of the 2017 financial year are as follows June 8 800 units July 7 700 units August 5 500 units It takes 3 (three) hours to manufacture one couch The labour recovery rate is R110 per hour All purchases and sales are on account Debtors pay their accounts in full in the month following sales and creditors are paid in full in the second month after purchases The outstanding balance of debtors was R16 830 000 on 1 June Purchases for April, May and June amounted to R1 237 500, R1 856 250 and R2 310 000 respectively All other costs are paid as incurred On 1 June, the company had a favourable balance in the bank of R14 300 000 REQUIRED: Provide the figures represented by (a) to (1) in the cash budget